Is Insuring Your Home For Market Value A Mistake? Exton PA Home Insurance?

The best way to guarantee coverage on your house is to do a residential cost estimator form that your local professional agent can perform. It takes about five minutes, and it basically gives the professional the ability to calculate what it would cost to replace your home in the case of a total loss like a fire or a large windstorm or a tornado. Some folks insure their homes based on market value, which is a real mistake. If you're in an area where the home prices are depressed and you end up insuring your house for $100,000 and the replacement value should be $200,000, you're going to be $100,000 short if you need to make a claim. Most folks don't have a spare $100,000 in the bank, and this could leave you and your family homeless. Trying to save a few dollars when you arranged your insurance could feel like a very bad decision if this happened. For a free home replacement value estimate, contact us today at: www.WhitfordInsurance.com or call 610-524-7860 / toll free: 800-221-9542.